Ken Goodreau, CMT retweeted
BESSENT CONFRONTS LUTNICK OVER NVIDIA CHINA CHIP SCANDAL
Treasury Secretary Scott Bessent confronted Commerce Secretary Howard Lutnick over his failure to blacklist Megaspeed, an Nvidia ($NVDA ) customer accused of diverting US chips to China.
According to Axios, Lutnick replied: “I don't know. I'll look into it.”
Sources allege Lutnick resisted action despite intelligence warnings, fearing an escalation of the US-China trade war.
The confrontation deepens scrutiny of Nvidia's China ties and the administration's handling of chip export restrictions.
Ken Goodreau, CMT retweeted
12.9% of credit card balances in the US are 90+ days delinquent, near the highest since 2011.
10.9% of student loan balances are now 90+ days delinquent, the highest since 2019.
5.7% of auto loan balances are now 90+ days delinquent, the highest level on record.
Ken Goodreau, CMT retweeted
Not often you get another shot at a lead bear but here it is
$CRWV is a lead bear stock and there's no sign of a major bottom yet.
Ironic that it is both a 2025 monster stock on the upside and now a lead bear on the downside.
Ken Goodreau, CMT retweeted
The scale of Big Tech's AI future financial obligations is extraordinary:
Alphabet, $GOOGL, Meta, $META, Anthropic, Microsoft, $MSFT, Amazon, $AMZN, Oracle, $ORCL, and Nvidia, $NVDA, have disclosed a combined $4.49 trillion in off-balance-sheet obligations.
These include future lease payments that have not yet commenced, data-center commitments, equipment purchases, and other contractual obligations.
Alphabet accounts for the largest amount, at $1.08 trillion, followed by Anthropic, at $865 billion, and Meta, at $810 billion.
By comparison, their combined on-balance-sheet obligations total just $758 billion, consisting of long-term debt and existing lease liabilities.
This means off-balance-sheet commitments are nearly 6 times larger than their on-balance-sheet obligations.
In total, these 7 tech companies face ~$5.25 trillion in combined financial obligations.
The AI infrastructure race is facing enormous future financial commitments.
Still orderly selling.
Oddly doesn't feel like capitulation despite the damage.
Feels more like reluctant selling.
But just an observation.
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I changed my setting to 1-min.
First signs of an attempt, here at 10:30.
I don't trust the first try, letting them develop.
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The markets telling you it doesn't matter D or R.....they both love the gravy train.
Nothing will change for the average guy.
Its like a Tyson, Jake Paul fight.
The only losers are the ones paying for the tickets.
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Ken Goodreau, CMT retweeted
Hey everyone,
If you are reading this, that means TaPlot has unfortunately passed away.
I am his oldest son, and I want to take a minute to sincerely thank every one of you that supported him throughout this fight, you helped him keep his motivation, but you also helped me a lot. When I was feeling worried about him, I would often go to his page and read all the supportive comments, and they would give us both so much hope.
He was a great dad, he never stopped fighting, not even in his last week. I sat beside him and told him he could rest and I was proud of him, and he simply shook his head. He still wasn't giving up.
It hurts losing him, because, losing my father means I lost the only man who ever truly wanted me to be better than himself.
I will not be deleting any of his posts, everything will stay here as it was.
There's one more thing I want to leave everyone with.
When my dad died, the cancer died too. It wasn't a loss, it was a tie. He's at peace, and the cancer isn't. So if you really think about it, he won. 🕊️